Digitalisation partnership enables Apex to more efficiently and securely deliver client services in full regulatory compliance, starting with its subsidiary entity, the Luxembourg-based European Depositary Bank (“EDB”).
On November 8th, Governance.com, the leading low-code process management platform for regulated companies, announced the signing of a 5-year deal with global financial services provider Apex Group Ltd. (“Apex”), to implement a digital process management platform and systems. Starting with Apex Group’s Luxembourg-based entity, European Depositary Bank (“EDB”), Governance.com will deliver the new digitalisation partnership that will enable Apex to more efficiently and securely deliver services to its clients, underpinned by robust regulatory compliance.
By securely digitalising Apex’s process management systems step by step, the new process management platform will support EDB's depositary duties such as asset registration, ownership verification and regulatory oversight. The new platform solution will be used by EDB’s teams across several locations starting with Luxembourg and Ireland.
Governance.com’s FinTech solutions are based on a low-code and open architecture approach that supports Apex’s “digital first” agenda and enable it to be an early adopter of FinTech in the space of regulatory process management.
Through EDB, Apex offers independent banking, depositary and custody services to institutional investors and asset managers for UCITS and alternative investment structures, spanning the full spectrum of asset classes. The new deal will be executed with the support of global consultancy Alpha FMC to ensure expedient and effective implementation.
Peter Hughes, CEO and Founder, Apex Group comments: “This new digitalisation partnership with Governance.com is indicative of our commitment to providing our clients with the widest range of services in the market, underpinned by the highest levels of regulatory compliance. By automating process management for regulatory checks and related operations, we are continually improving our efficiencies and service offerings to our clients, as we grow and expand our range of solutions.”
Bert Boerman, Chief Executive Officer and Co-Founder of Governance.com, says: “We are excited to work with this global leader in financial services. Working together with EDB and Alpha FMC experts to quickly deliver our low-code process management platform and solutions means Apex entity, EDB, can perform its regulated duties while serving clients in a more efficient way. We look forward to supporting the Apex Group to digitalise operations and services, one process at a time so that these are more cost-effective, efficient and secure.”
Holger Barth, Managing Director, European Depositary Bank, adds: “EDB is delighted to be collaborating with Governance.com to implement a market leading solution based on fundamental business experience and modern technology. This partnership will support our fast-growing business and enable us to serve our global client base more efficiently across borders and multiple regulatory jurisdictions while exercising regulatory rigour.”
Press release by Governance.com